MARZETTI COMPANY/THE (MZTI) Stock Technical Analysis
NASDAQ:MZTI - US5138471033 - Common Stock
Taking everything into account, MZTI scores 4 out of 10 in our technical rating. In the last year, MZTI was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, MZTI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 176.85, a Stop Loss order could be placed below this zone.
More info and screens
175.07
We found 1 important support area.
- A support zone ranging from 176.84 to 176.85. This zone is formed by a combination of multiple trend lines in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for MZTI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MZTI is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | MZTI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MZTI is above the rising SMA(20). |
| Relative Strength Index/RSI (14) | 51.23 | NEUTRAL | The RSI value for MZTI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.8 | NEGATIVE | The MACD value suggests MZTI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.21 | NEUTRAL | The Stochastics value for MZTI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.33 | MEDIUM VOLATILITY | The ATR as a percentage value for MZTI suggests some volalility. |
| Average Directional Index/ADX (14) | 13.31 | NEGATIVE | The low ADX value for MZTI suggests a weak or negative trend. |
181.52
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